Roche Holding AG (OTCMKTS:RHHBY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Roche Holding AG (OTCMKTS:RHHBY) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

A number of research analysts have recently issued reports on RHHBY shares. Morgan Stanley began coverage on shares of Roche in a report on Wednesday, February 12th. They set an “equal weight” rating for the company. Sanford C. Bernstein raised Roche to a “strong-buy” rating in a report on Thursday, January 30th. Finally, UBS Group upgraded shares of Roche from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Roche

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighPoint Advisor Group LLC boosted its stake in Roche by 2.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 11,091 shares of the company’s stock valued at $387,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Roche by 0.9% during the 4th quarter. Hantz Financial Services Inc. now owns 33,708 shares of the company’s stock valued at $1,176,000 after purchasing an additional 305 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Roche by 4.6% in the 3rd quarter. Canopy Partners LLC now owns 7,772 shares of the company’s stock worth $310,000 after purchasing an additional 344 shares during the period. Brooklyn Investment Group grew its position in Roche by 36.6% during the fourth quarter. Brooklyn Investment Group now owns 1,354 shares of the company’s stock valued at $48,000 after buying an additional 363 shares during the period. Finally, Altrius Capital Management Inc increased its holdings in Roche by 0.3% during the fourth quarter. Altrius Capital Management Inc now owns 183,448 shares of the company’s stock valued at $6,399,000 after buying an additional 603 shares during the last quarter.

Roche Price Performance

Shares of RHHBY stock opened at $43.25 on Friday. Roche has a fifty-two week low of $29.20 and a fifty-two week high of $43.96. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $39.81 and a two-hundred day simple moving average of $38.53.

About Roche

Roche Holding AG engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and Oceania. The company offers pharmaceutical products in the therapeutic areas of anemia, blood and solid tumors, dermatology, hemophilia, inflammatory and autoimmune, neurological disorders, ophthalmology, respiratory disorders, and transplantation.